Are Pension Annuity Payments Taxable?
If you used RRSP or RRIF funds to purchase the annuity, all of the annuity’s payments will be taxed. Annuities purchased with non-registered assets are only taxed on a fraction of the annuity’s income. Is pension from annuity taxable? The highest tax deduction for life insurance premiums is Rs 1.5 lakh under the Income Tax […]
Are Pension Annuity Payments Taxable? Read More »